Spring Valley Acquisition Corp. III closes $230M IPO; trust account funded

Spring Valley Acquisition Corp. III

23M units sold at $10/unit, including full over-allotment; gross proceeds $230M.
Private placement of 7,046,111 warrants at $0.90 each generated $6.34M.
$230M placed in trust account; deferred underwriting fee of $9.2M.
Balance sheet shows $1.22M cash and $8.06M accumulated deficit.
Company has 24 months to complete a business combination.

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